GIC, a global institutional investor, has become a minority shareholder in Citco. The founding Smeets Family shall remain the majority shareholder in Citco.
GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future. As the manager of Singapore’s foreign reserves, GIC takes a long-term, disciplined approach to investing and is uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital, and infrastructure.
The Citco group of companies is a network of independent companies worldwide. These companies are leading providers of asset-servicing solutions to the global alternative investment industry. With over $2 trillion in assets under administration and operations spanning across 36 countries, Citco‘s unique culture of innovation and client-driven solutions have provided Citco‘s clients with a trusted partner for more than four decades.
The Dechert team advising GIC was led by corporate partners Mark E. Thierfelder, Jonathan Kim and Sam Whittaker.
